Kansai Electric Power acquires an 80% stake in Simply Blue Energy OSW Ltd., marking a strategic partnership to enhance offshore wind development and accelerate sustainable energy solutions.

Information on the Target

Simply Blue Group, through its offshore wind development arm Simply Blue Energy OSW Ltd. (SBE OSW), is a prominent player in the renewable energy sector, particularly focusing on floating offshore wind projects. The company actively manages a substantial portfolio that includes 8 gigawatts (GW) of floating offshore wind and 4 GW of fixed-bottom wind projects across various countries. Recently, Simply Blue has established a strategic partnership with Kansai Electric Power Co., Inc. (KEPCO), whereby KEPCO has acquired an 80% stake in SBE OSW through its wholly-owned subsidiary, KPIC Netherlands B.V.

This acquisition signifies KEPCO's inaugural investment that entails active management participation in an offshore wind developer, indicating a noteworthy expansion of their international renewable energy footprint.

Industry Overview in Ireland

The offshore wind industry in Ireland is experiencing robust growth, driven by the national commitment to expand renewable energy sources to meet climate targets. The government of Ireland aims to rev